Tag Archives: hedge fund
UK Fraud Office Investigates London Hedge Fund – Oil Sales Contracts
New York (HedgeCo.net) – London-based hedge fund, Dynamic Decisions Capital Management, which operated the Cayman Islands-based Growth Premium Master fund is being investigated by the Serious Fraud Office (SFO). The hedge fund collapsed in April this year when investors applied […]
BlueCrest Said to Prepare Geneva Office as London Taxes Rise
Bloomberg – BlueCrest Capital Management Ltd., a London-based hedge fund firm that oversees about $15.4 billion, plans to open an office in Geneva as increased taxes and regulation make London a less attractive location, a person familiar with the situation […]
The Week In Hedge Fund Fraud
DealBreaker – Admit it: You’re bummed that the Bear Stearns fraud trial has ended in a flash of prosecutorial incompetence and 12 potential clients for Ralph Cioffi and Matthew Tannin. We are, too. But fear not, friends, there’s an embarrassment […]
Hedge Fund Association “Speak Up” Gains Traction on Capitol Hill
Washington, DC – November 9, 2009 – The Hedge Fund Association, HFA, today announced progress on its “Speak Up” campaign, which seeks to ensure that regulation of the hedge fund industry meets government concerns without imposing over-reaching, broad measures that […]
Conyers Hosts 8th Annual Offshore Law Forum in New York
New York (HedgeCo.net) – As the global economy continues to evolve in the aftermath of the credit crunch, lawyers from Conyers Dill & Pearman provided a timely update on regulatory developments offshore to over 100 lawyers and financial executives at […]
Hedge fund Paulson & Co raises bet on Cadbury
Reuters – Hedge fund firm Paulson & Co, which earned billions with savvy bets during the credit crisis, has doubled its stake in candy maker Cadbury Plc, according to a regulatory filing released on Tuesday. The New York-based hedge fund […]
Australian Companies Turn to Hedge Funds for Finance, KPMG Says
Bloomberg – Hedge funds are boosting investments in Australian companies, filling a “funding gap” left by a reduction in bank lending, according to David Heathcote, head of KPMG International’s debt-advisory practice in Australia. “There is significant volume available, particularly from […]
Hedge Fund Returns up 0.17% in October – Early Estimates
HedgeCo.Net (New York) – Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index will finish almost flat with a +0.17% return in October. Hedge funds had a slightly positive month overall with a widening dispersion of returns among strategies, based […]
Dreier Fraud Case Leads to Guilty Plea by Ex-SEC Lawyer Miller
Bloomberg – Robert L. Miller, once an attorney at the U.S. Securities and Exchange Commission, pleaded guilty to federal charges that he helped imprisoned New York law firm founder Marc Dreier defraud hedge funds. Miller, the third person to plead […]
Hedge fund scam suspect in on the run in Mumbai: FBI
Business Standard – Deep Shah, an Indian-origin suspect in the largest ever hedge fund scam in the US is on the run and is believed to be in Mumbai, federal authorities have said. Shah, 27, and Gautam Shankar, 35, were […]
Ernst & Young survey hedge funds moving swiftly for investors demand
Channel News Asia – A survey by accounting firm Ernst & Young has found that the global downturn is forcing hedge fund managers to respond swiftly to investors’ demands. The survey of 100 of the world’s largest hedge funds notes […]
UK Tsy’s Myners Calls For Onshore Hedge Fund Regime
WSJ – The U.K. should develop a viable onshore regulated hedge fund industry, Paul Myners, the U.K. Treasury’s financial services secretary, said Monday. Myners said he endorsed the findings of a government-sponsored report on the future of the U.K. asset […]